510 Otteray AveHigh PointNC27262
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in High Point at 510 Otteray Ave, High Point, NC, 27262 generates $3,368/mo in rent, after a $4,283/mo payment. Total monthly income is $3,368/mo. Return on cash invested sits at 11.87% in year one, and rental yield is 4.62% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 59.56% and total cumulative return in cash sums $171,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,368/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27262, High Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,134 (100%) |
| Owner Occupied HU | 5,397 (53.3%) |
| Renter Occupied HU | 3,828 (37.8%) |
| Vacant Housing Units | 909 ( 9.0%) |
| Median Home Value | $276,199 |
| Average Home Value | $321,726 |
Housing Distribution
Address Breakdown
Residential
9,710
Single Family
8,071
Multi-Family
1,639
Businesses
1,481
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Listed by: Lee Kemp • Howard Hanna Allen Tate High Point
Mls Name: Triad MLS
Mls ID: #1195676